in the dodd/frank bill, in the financial sector, andinobamacare,and in the health care sector. i think you're going to see some of the same things happening. you're going to see a lot of merger and acquisition activity. i like manhattan partners here. >> who gets hardest hit, as a result of obama care and dodd/frank? where are the areas of this market that you want to avoid, given this higher regulatory environment? >> when you see the passage of the sarbanes, you saw a lot of the smaller companies. they merged the together because they needed to get the economies of scale to cover the cost of all that regulation. i think you're going to see some of the same things happening -- >> smaller and mid-cap -- >> exactly. >> rick santelli, we did not forget about you, i assure you. while the stock market hasn't suffered too much over this, the safe havens have certainly benefited. >> they absolutely have. and the vote where they didn't pass it had virtually no effect on those markets, which have some traders scratching their heads. it's all about the euro today, and you can argue how important cy

their fees for next year, because of the higher costs associatedwithobamacare.you see some declines there as well. for the week, the major indices, believe it or not, this would be the worst week of the year. and essentially, all the major indices are down fractionally. and i say for the s&p 500, down 0.4%, an indication of how strong we've been all throughout the year. i'll have the final numbers in just half an hour. guys, back to you. >> thank you so much, bob. nearly a month ago, byron wien told us that the market was getting ahead of itself and profit margins could take it back. >> that was back on the 27th. since then, the markets have continued to climbing. joining us, byron wien, happy friday, byron. >> yeah, i'm still there. >> so you're still cautious? the market has continued higher. >> well, yeah, you know, as long as the fed is pumping $85 billion a month into the market, a lot of that is designed to go into the real economy. but it ends up going into financial assets. so it's been pushing stocks higher. but, you know, the earnings season is starting to -- is upon us. a